Scottish Power – Good Ethics Is Good Business The world has really changed, particularly the way business is conducted globally, with new economic and new technologies shaping the globalization environment. One of the main reasons for global success is found is due to cultural diversity. Companies are constantly faced with dilemmas, as in international cultures versus corporate cultures, the bottom line being social and environmental impacts. It is imperative that companies must first address the facts that constrain business values in order to be successful. The Director of IBE, Philippa Foster Black, stated: "Not only is ethical behavior in business life the right thing to do in principle, we have shown that it pays off in financial returns.” (Foster-Black, P. 2006) Companies are continually presented with challenges and opportunities formed by concerns about their environmental and social impact.
The corporation has a strong internal environment that makes it succeed in its business venture, which shuns away other players while maintaining both profitability and competitiveness. Its main competitors include Regis Slaons, Macy’s, and Sephora. In this regard, this paper seeks to analyse the company’s potential by scrutinising the internal environment, corporate resources, competence, and other attributes that depict its strength and weaknesses in under the SWOT analysis. Internal Environmental Analysis The company has adopted various measures that enhance its competitive nature embracing different procedures and policies. It has also improved the management department by providing suitable measures that define goals and objectives of the company for it to attain increased returns (Fukuoka et al., 2012).
Functional and Dysfunctional Aspects of Flat Panel’s Culture and Reward System Flat Panel’s culture and rewards system exhibited a number of functional elements that led to a “high degree of company loyalty.” Employees prided themselves on the firm’s innovative reputation, impactful products, and spirit of comradery (fostered by the ‘Nerd Olympics’). Additionally, the paternalistic culture created a family feel, where employees were welcomed to approach leaders through an open door policy. Finally, the rewards system in place attempted to provide transparency to compensation decisions via the salary matrix. However, some of the elements that suggested a positive company culture were also highly flawed. The paternalism and the rigid hierarchy it caused led to extreme inefficiencies.
BMA1 – Task 304.1.3-04 Steve Perryman Western Governors University Social responsibility is a concept that many businesses take seriously because it has a direct effect on the consumer’s perception of the company and the bottom line profitability of the company. Social responsibility is the company’s obligation to maximize its positive impact and to minimize any negative impact in a community and its consumers. There are four aspects of social responsibility: Economic, Legal, Ethical, and Philanthropic. There are many examples of companies like Whole Foods, Coca-Cola, and PNC Financial Group who go above and beyond these four aspects of social responsibility. Company Q in the scenario provided has a very poor attitude towards social responsibility because though they provide some basic aspects like Economic and Legal they fall short in Ethical and Philanthropic aspects.
There is an old Chinese saying which said when the lips are gone, the teeth will be cold. The same can be said about the quality of frontline customer service providers. Companies have excellent frontline customer service providers, they are most likely will have good rating on customer satisfaction. Therefore, the quality of frontline customer service providers can make or break a company. Turnover and competition are pushing organizations to focus on ways to keep top-quality employees satisfied and motivated (Hellriegel & Slocum, 2011, p. 132).
Case 1: “Intel in China” 1. How did the incident with Li happen? Tang’s career has been successful within the company, and Intel considered him as a good candidate to help to develop and increase the business in China. As part of his background was the education received abroad and he has also been in the company for a considerable time and the experience gained seemed to accommodate Intel’s goals. As part of his vision for the business, he focused on re-allocating resources and activities for key positions.
Chick-fil-A is affected by numerous external forces which can challenge upper management’s ability to make Chick-fil-A one of China’s best quick-service restaurant”. Through intense strategic planning, based upon their vision, mission and corporate values, Chick-fil-A will be able to establish a unique position in a very competitive industry in China. The corporate purpose of Chick-fil-A, “To glorify God by being a faithful steward of all that is entrusted to us and to have a positive influence on all who come into contact with Chick-fil-A”, their commitment to family and the community, and their sound business decisions, will make Chick-fil-A profitable and fast growing quick-service restaurants in China. The fast food restaurant industry, which includes fast-service and fast-relaxed restaurants, is highly pieced with the top 50 companies accounting for only 25% of the industry’s sales. The $120 billion industry includes over 200,000 restaurants with 50% of those specializing in hamburger entrees.
The gross profit margin was 82.08%, partially imparted by the Hive Dance Club’s ability to manage the reduction of costs. The pro forma provides a significant benefit to any business owner because it supports the growth of the business as well as enhances the ability for the entrepreneur to make the correct decisions for the business. Regarding the raising of capital, the most significant sources are personal funding, private investors, and friends and family. The pro forma also reduces the stress that investors place on the entrepreneur and is something that small business owners should not neglect to develop. The pro forma can help the company to remain viable as well as ensure it with thrive and achieve future
delegating ownership authority, which helps them in sustaining their imagination through trust building and bringing in innovative ideas. This is the foundation of St. Luke’s success as the employees have a share in the overall business profits, because of their co-ownership. This is also the main reason for their natural collaboration with one another in team and also with their clients (Johnny and David, 2004). HR selection methods are basically screening procedures used for evaluating and choosing a probable candidate on the basis of his qualification, experiences, personal qualities, and skill/capabilities from the pool of applied recruits (Gatewood and Field, 1998). Employee selection is a difficult process because at this particular point a person-job-fit is to be nominated and poor selection choices would lead to a range of consequences for the organization as well as for the selected individual (Hough and Oswald, 2000).
The strength of the brand is not only critical for sales execution; it also makes a fundamental beneficence to company appraisal and is thus worth its weight in gold. The BrandMaker Cloud Suite aims to provide a steady presence to the outside world based on slim marketing processes and extremely cogent communication. The Brand Management Portal and Reporting Center modules are specially tailored for the needs of brand management. Stack up against personnel, production, finance, and other corporate planning, at medium-sized and large companies marketing planning is frequently still done using spreadsheet software. However, marketing planning and budgeting is an elaborate process, which ascertains process-oriented work, collaboration, and a scalable infrastructure.